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Rich Asplund

MYSTERIOUS: Stocks settle mostly higher on positive corporate earnings - What They Never Told You

AN SP United States Dow Jones Chicago Fed Honeywell International International Business Machines SP 500 United Parcel Service

The S&P 500 Index ($SPX) (SPY) Thursday closed up by +0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.83%.

Stocks on Thursday settled mostly higher on positive earnings results and a decline in T-note yields.  Tesla closed up more than +21% after posting its biggest quarterly profit in a year. Also, United Parcel Service closed up more than +5% after reporting better-than-expected Q3 adjusted EPS.  In addition, Lam Research closed up more than +5% to lead chip stocks higher after reporting better-than-expected Q1 revenue and forecasting Q2 revenue above consensus.  The 10-year T-note yield Thursday fell -4.8 bp to 4.198%.

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